Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 276.25

    In this Division:

"starting income year" means:

  (a)   unless paragraph   (b) or (c) applies--the 2017 - 18 income year; or

  (b)   if the trustee of the trust has made a choice for the purposes of paragraph   1(1)(b) of Schedule   8 to the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 --the first income year starting on or after 1   July 2015; or

  (c)   if the trustee of the trust has made a choice for the purposes of subparagraph   276 - 10(1)(e)(i) of the Income Tax Assessment Act 1997 in respect of the 2016 - 17 income year--that income year.

Table of sections

276 - 700   Application of Subdivision to MIT that becomes AMIT

276 - 705   Accounting for unders and overs for base years before becoming an AMIT